ECB: Working on decentralized ledger technology for interbank settlement

BlockBeats news, September 26, according to CoinDesk, ECB Executive Board member Fabio Panetta said the European Central Bank (ECB) is studying the "potential" of decentralized ledger technology (DLT) to improve the efficiency of interbank settlement. A distributed ledger is a decentralized database that is maintained and updated independently by individual participants in a large network. According to Fabio Panetta, Central Bank digital currency (CBDC) is often defined as a new type of DLT-based central bank digital currency that can be used specifically to settle interbank transfers.